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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (20597)1/18/2000 8:28:00 PM
From: Katie Kommando   of 150070
 
Speaking of domain names, Network Solutions won a victory today:

January 18, 2000

Court Rejects Domain-Registration Case,


Associated Press

WASHINGTON -- The Supreme Court refused to consider a challenge
to the fees for registering and renewing Internet domain names. The
justices also ordered lower courts to restudy rulings that said states must
abide by a federal law requiring employers to give men and women equal
pay for equal work.

Separately, the high court rebuffed an attempt to overturn a Maryland law
mandating school recess for Easter week.

The justices, without comment, turned away arguments that Internet
registration fees are exorbitant and that a former practice of designating a
portion of the fees for the federal National Science Foundation amounted
to an illegal tax.

Tuesday's action is a victory for the National Science Foundation and
Network Solutions Inc., the Virginia company that serves as keeper of the
master list of World Wide Web addresses.

Under an agreement with the National Science Foundation, Network
Solutions has been registering addresses for the top-level domains -- those
with "com," "org" and "net" suffixes since 1992. Internet domain names can
be worth plenty. For example, a Houston businessman recently sold the
domain name business.com for $7.5 million.

In 1995, Network Solutions began charging a registration fee of $100 and,
after an initial two-year period, a $50 annual renewal fee for each domain
name. Network Solutions received 70% of all fees for its services; the
other 30% was designated for the National Science Foundation's use for
Internet development and research. That 30% portion was discontinued in
1998.

A group of Web site owners sued in 1997, seeking millions of dollars in
refunds, and saying the National Science Foundation's take was an illegal
tax unauthorized by Congress and that the fees collected by Network
Solutions far exceeded the nominal costs it incurred as keeper of the
domain names registry. (Thomas vs. Network Solutions)
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